Jump to ContentJump to Main Navigation
Energy, the State, and the MarketBritish Energy Policy since 1979$
Users without a subscription are not able to see the full content.

Dieter Helm

Print publication date: 2004

Print ISBN-13: 9780199270743

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199270743.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 September 2021

Regulatory Failure and Financial Engineering—The RECs' First Review

Regulatory Failure and Financial Engineering—The RECs' First Review

Chapter:
(p.204) 11 Regulatory Failure and Financial Engineering—The RECs' First Review
Source:
Energy, the State, and the Market
Author(s):

Dieter Helm (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199270743.003.0011

This chapter looks at the regulation of the regional electricity companies (RECs), and the conduct of the Office of Electricity Regulation (Offer). The repeated interventions — the two attempts at the 1994/95 periodic review, as well as the subsequent payouts from the flotation of the National Grid Company (NGC), and then the windfall tax — represented not only ‘regulatory failures’, but also served to undermine the credibility of the price-cap RPI-X regime.

Keywords:   regional electricity companies, energy policy, electricity regulation, National Grid Company, windfall tax

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .